[Earnings season options strategy] Winning Big with Tech Earnings: Insider Strategies Revealed
@OptionsTutor:
This week, tech stocks will start reporting their earnings and things don't look good. According to data compiled by FactSet, S&P 500 companies are expected to have a 6.8% drop in earnings from the same time last year - the biggest drop since the second quarter of 2020 when the pandemic first hit.As of April 4, e-mini futures contracts on the S&P 500, which bet on a decline in stocks, had grown to 321,459 contracts, the highest level since October 2011.Still, equity strategists often view futures market positioning as a counter-indicator, meaning that stocks often move in the opposite direction from what futures traders expect, especially when positioning is clearly concentrated in one direction or the other. Of course, the past is no guarantee of future performance.In terms of opt